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Isn't it a bit odd that a collective action against Binance starts at the exact same time frame at which BlackRock is filing for a BTC ETF?

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by COINS NEWS 50 Views

As we all know, Binance is facing some problems in some big countries: US has filed against them in many cases, they're leaving The Netherlands because they couldn't get legal approval there and are also facing prosecution for money laundering and such in France.

In the same two weeks or so BlackRock announces they're filing for a BTC ETF. BlackRock is the biggest hedge fund out there, having had more than $10T dollars (yes, ten trillion) in assets under management at some point. Their ETF approval ratio is 575-1, i.e. there's a ~0.17% chance that this filling won't pass.

I wonder if this is a coordinate attack aiming to take over the space, little by little, or maybe I'm just wearing my tin-foil hat. It's also funny that these big folks are also going for BTC. We've come a long way in these 14 years.

submitted by /u/reddito321
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